HighPoint Advisor Group LLC Boosts Stock Holdings in National Grid Transco, PLC $NGG

HighPoint Advisor Group LLC increased its stake in National Grid Transco, PLC (NYSE:NGG) by 56.4% during the 4th quarter, Holdings Channel reports. The fund owned 16,496 shares of the utilities provider’s stock after purchasing an additional 5,950 shares during the quarter. HighPoint Advisor Group LLC’s holdings in National Grid Transco were worth $1,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SG Americas Securities LLC grew its stake in National Grid Transco by 47,478.9% during the 4th quarter. SG Americas Securities LLC now owns 892,580 shares of the utilities provider’s stock worth $69,041,000 after purchasing an additional 890,704 shares in the last quarter. Bank of America Corp DE raised its position in National Grid Transco by 21.5% in the 2nd quarter. Bank of America Corp DE now owns 4,596,387 shares of the utilities provider’s stock valued at $342,017,000 after purchasing an additional 814,248 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of National Grid Transco by 67.4% in the 3rd quarter. Bank of Montreal Can now owns 1,669,191 shares of the utilities provider’s stock valued at $121,300,000 after buying an additional 672,050 shares during the period. Causeway Capital Management LLC grew its position in shares of National Grid Transco by 112.4% during the third quarter. Causeway Capital Management LLC now owns 671,143 shares of the utilities provider’s stock worth $48,772,000 after buying an additional 355,149 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of National Grid Transco by 20.3% during the second quarter. Raymond James Financial Inc. now owns 1,671,746 shares of the utilities provider’s stock worth $124,395,000 after buying an additional 282,085 shares during the period. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of National Grid Transco in a report on Monday, March 23rd. Weiss Ratings restated a “hold (c)” rating on shares of National Grid Transco in a report on Tuesday, April 21st. Citigroup reaffirmed a “neutral” rating on shares of National Grid Transco in a research report on Tuesday, April 28th. Zacks Research downgraded shares of National Grid Transco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Jefferies Financial Group restated a “hold” rating on shares of National Grid Transco in a research note on Wednesday, March 18th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, National Grid Transco presently has an average rating of “Hold” and a consensus target price of $83.80.

National Grid Transco Trading Up 0.1%

NGG stock opened at $87.21 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.97 and a quick ratio of 0.90. National Grid Transco, PLC has a twelve month low of $67.08 and a twelve month high of $94.64. The company’s 50 day moving average is $87.50 and its two-hundred day moving average is $82.88.

National Grid Transco Profile

National Grid Transco (NYSE: NGG) is a utility company focused on the transmission and distribution of electricity and natural gas. The company builds, owns, operates and maintains large-scale energy infrastructure, including high-voltage electricity transmission lines, electricity distribution networks and high-pressure gas pipelines. Its core activities center on providing safe, reliable delivery of energy to residential, commercial and industrial customers while meeting regulatory requirements across its service territories.

Services provided by National Grid Transco encompass network operation and maintenance, system balancing and control, metering and connections, and capital investment in grid modernization and reliability projects.